Summer is often the ideal time to consider buying A living place On the beach. After spending a few days in a hotel or apartment, many decide to look for a second residence and be able to move to a coastal area not only during the summer but at other times of the year. For this reason, we generally see that the increase in demand during these periods causes prices to rise in coastal areas, especially in certain parts of the Mediterranean. It’s getting harder and harder to find offers at affordable prices.
If we look at the cheapest coastal provinces, we see that the lowest average price paid by iAhorro users for their homes was in 2019. Castellon, with an average of 157,000 Euros. We also see that in this province of the Community of Valencia, the average house price decreased by 8.72% between April and June, compared to 172,000 Euro recorded in the first quarter of the year. It is true that the price has increased slightly in the remaining provinces of this community: 1.19% Alicante (average 170.000 Euro) and 1.78% Valencia (229,000 euros).
After Castellón, Murcia It has the lowest average home purchase price of 160,000 Euros. There, iAhorro users who bought a home in the second quarter of the year bought their homes 6.43% cheaper than in the first quarter when the average price rose to 171,000 euros. “If we talk about holiday demand, Murcia has a lot of competition on both sides. Valencian Community above and Andalusia under. This, along with the poor publicity the area has received due to the state of the Mar Menor, has caused foreign buyers in particular to choose other options”, explains Mortgages manager, comparison firm and mortgage consultant.
Basque Country, Balearic Islands and Catalonia, the most expensive coastal areas
The most expensive homes in Spain’s coastal provinces were purchased by iAhorro users in the Basque Country, Balearic Islands and Catalonia in the second quarter of this year.. In particular, the average house purchase price in the province Biscay Between April and June, it amounted to €330,000, the highest among all coastal provinces, an increase of 11.86% compared to €295,000 recorded in the first quarter.
This is due to the fact that “the supply of housing for sale in the Basque Country is also quite high for new construction, so the situation there,” said a spokesperson for the mortgage comparator. It has little or nothing to do with what we experience in the rest of Spain.. Also, the standard of living of those who live here is one of the highest, so they can buy expensive houses despite the increase in rates”. So, for example, in the province of Álava (inland), the average purchase price recorded by iAhorro users in this second quarter of 2023 was 349,000 euros, the highest in Spain.
on his behalf The average price of houses in the Balearic Islands is 304,000 Euros.This represents an increase of 10.14 % compared to 276,000 Euro recorded in the first quarter of the year. “Foreign influence is obvious on the islands, but this is not the main reason for the price increase. The thing that impresses the most in the Balearic Islands is that the offer is so much less than the demand because there is very little place to build and those who want to buy a house there will have to adapt to this reality. That’s why, at times like now when demand is increasing but supply remains the same, sellers are taking the opportunity to raise prices”, explains Simone Colombelli of iAhorro.
The same average price recorded in the Balearic Islands was paid by buyers. BarcelonaAlthough we saw a very significant decrease compared to the first months of 2023: from the average 325,000 euros iAhorro users paid for houses in Barcelona between January and March, now they pay 304,000 Euros, 6.46% less. The Mortgage manager of the Mortgage comparator said, “Barcelona’s situation is completely different, because the high average price we recorded in this province is heavily influenced by how expensive the houses are in the centre, not just in the coastal areas. People don’t come to Barcelona just for vacations, but the vast majority are there instead. looking for great job opportunities”.
These high housing prices in Barcelona mean that the Catalan coast in general is among the most expensive places in Spain.. However, in Girona And tarragon we find more affordable homes with an average price of 231,000 Euros and 219,000 Euros respectively.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.